Shares in the owner of Snapchat surged 21% during after-hours trading after the social media group beat Wall Street’s expectations for quarterly revenue and user growth.Improvements to Snap’s advertising system are delivering results faster than anticipated, the company said.Daily active users of Snapchat grew to 422 million in the first three months of the year, beating analyst expectations of 419.6 million. Revenue during the first quarter meanwhile rose 21% to $1.2bn, beating the analyst consensus estima ...

Snap says total watch time on its TikTok competitor increased more than 125%As part of its Q1 2024 earning release, Snap revealed that total watch time on its TikTok competitor, Spotlight, increased more than 125% year-over-year. Snapchat launched the TikTok-like feed in late 2020 as a way to compete with the rising popularity of TikTok. The company is touting the success of its short-from video feed a day after President Biden signed a bill that would ban TikTok if its Chinese parent company, ByteDance, fa ...

Quarterly Financial Review First Quarter 2024 Q1-2024 Quarterly Review © 2024 Snap-on Incorporated Q1-2024 Quarterly Review © 2024 Snap-on Incorporated Cautionary Statement ▪ These slides should be read in conjunction with comments from the April 18, 2024 conference call. ...

Shares of Snapchat parent Snap popped 26% in late trading after the social media network said revenue jumped more than expected last quarter to $1.95 billion, up 21% from 2023. The number, and the outlook for the current quarter were nicely above Wall Street forecasts, as were daily active users, which hit 422 million. Snap shares tend to be volatile — up or down — in response to quarterly earnings and today is no exception. The company said the upbeat number was driven by improvements in its advertising p ...

(2) See page 10 for a reconciliation of net cash provided by (used in) operating activities to Free Cash Flow. (3) See page 11 for a reconciliation of diluted net loss per share to non-GAAP diluted net income (loss) per share. Daily Active Users increased 10% year-over-year to 422 million First quarter operating cash flow of $88 million and Free Cash Flow of $38 million SANTA MONICA, Calif. – April 25, 2024 – Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended March 31, 2024. "The ...

The upcoming report from Snap (SNAP) is expected to reveal quarterly loss of $0.05 per share, indicating a decline of 600% compared to the year-ago period. Analysts forecast revenues of $1.12 billion, representing an increase of 13.2% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings announcement, it is crucial t ...

Snap Inc (NYSE: SNAP) has gained over 10% in recent sessions but it may not be out of juice just yet, as per Wells Fargo.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.How high could Snap stock go in 2024?Copy link to sectionAnalysts at the financial services behemoth continue to see upside in $SNAP to $16 which signals potential for another 40% gain. Wells Fargo expects the social media company to benefit as the numbers of subscribers on Snap+ push ...

Congress is getting closer to legislation against TikTok.Shares of Snap (SNAP 6.97%) were gaining today as Congress appeared to move a step closer to banning TikTok in the U.S. or forcing its parent company, China-based ByteDance, to sell the rights to operate the popular social media app in the U.S.While there was no company-specific news out on Snap, investors believe that a setback for TikTok would be beneficial to Snap, and the stock rose 7.1% on that logic as of 12:36 p.m. ET. A loss for TikTok is a wi ...

Bad news for a rival is being taken as a positive by the U.S. social media company's investors.Perhaps stung by criticism that it has done little to no legislative work, the U.S. House of Representatives is currently laboring to transfer the ownership of -- or ban -- the hotly popular TikTok social media site in the United States.Clearly encouraged by that effort, on Wednesday market players traded up the stock of its rival Snap (SNAP 4.71%), owner and operator of Snapchat. Snap's shares closed the day 4.7% ...

What comes after a disappointing quarter – a spectacular comeback, or more disappointment? That’s the billion-dollar question that Snap’s (NYSE:SNAP) shareholders are asking. Snap will soon face a crucial moment, so keep your position in Snap stock small.You don’t have to sell all your Snap shares. Be ready for unexpected adventures. I believe Snap has good comeback prospects since the market’s expectations are low. Nevertheless, hedging your bets is the smart move right now.Snap Stock: Here’s the Date to W ...